Anchor Capital Advisors LLC Sells 5,816 Shares of Dollar General Corp. (DG)

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Anchor Capital Advisors LLC lowered its position in Dollar General Corp. (NYSE:DG) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 309,413 shares of the company’s stock after selling 5,816 shares during the period. Dollar General makes up approximately 1.2% of Anchor Capital Advisors LLC’s investment portfolio, making the stock its 25th largest holding. Anchor Capital Advisors LLC owned 0.12% of Dollar General worth $33,819,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DG. Principal Financial Group Inc. boosted its position in Dollar General by 1.6% in the first quarter. Principal Financial Group Inc. now owns 1,878,888 shares of the company’s stock valued at $175,770,000 after buying an additional 29,691 shares during the last quarter. DnB Asset Management AS boosted its position in Dollar General by 4.1% in the second quarter. DnB Asset Management AS now owns 33,013 shares of the company’s stock valued at $3,255,000 after buying an additional 1,300 shares during the last quarter. IFM Investors Pty Ltd boosted its position in Dollar General by 45.0% in the second quarter. IFM Investors Pty Ltd now owns 12,365 shares of the company’s stock valued at $1,219,000 after buying an additional 3,839 shares during the last quarter. CENTRAL TRUST Co boosted its position in Dollar General by 456.5% in the second quarter. CENTRAL TRUST Co now owns 3,968 shares of the company’s stock valued at $391,000 after buying an additional 3,255 shares during the last quarter. Finally, LVM Capital Management Ltd. MI boosted its position in Dollar General by 8.8% in the second quarter. LVM Capital Management Ltd. MI now owns 47,470 shares of the company’s stock valued at $4,681,000 after buying an additional 3,850 shares during the last quarter. Hedge funds and other institutional investors own 95.61% of the company’s stock.

In other news, EVP Robert D. Ravener sold 22,440 shares of the stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $111.49, for a total transaction of $2,501,835.60. Following the transaction, the executive vice president now owns 50,747 shares in the company, valued at approximately $5,657,783.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.41% of the company’s stock.

A number of equities research analysts recently commented on the company. Deutsche Bank upped their target price on Dollar General from $123.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 31st. Credit Suisse Group set a $99.00 target price on Dollar General and gave the company a “hold” rating in a research report on Monday, August 27th. MKM Partners upped their price objective on Dollar General to $117.00 and gave the stock a “buy” rating in a research report on Tuesday, August 28th. UBS Group restated a “buy” rating and issued a $120.00 price objective (up previously from $110.00) on shares of Dollar General in a research report on Monday, October 15th. Finally, Loop Capital upped their price objective on Dollar General from $97.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Dollar General presently has a consensus rating of “Buy” and a consensus target price of $106.35.

Shares of NYSE:DG opened at $111.38 on Thursday. Dollar General Corp. has a 1 year low of $79.79 and a 1 year high of $113.48. The company has a market cap of $29.86 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 1.35 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.21 and a current ratio of 1.55.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 30th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. Dollar General had a return on equity of 23.51% and a net margin of 7.06%. The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same quarter last year, the firm posted $1.10 EPS. The business’s revenue was up 10.6% on a year-over-year basis. Sell-side analysts expect that Dollar General Corp. will post 6.1 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 23rd. Stockholders of record on Tuesday, October 9th were given a dividend of $0.29 per share. The ex-dividend date was Friday, October 5th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.04%. Dollar General’s dividend payout ratio (DPR) is 25.84%.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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